Senate Banking Committee Has Some Questions Regarding Housing Reform

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Posted To: MND NewsWire

Democratic senators, including members of the Senate Banking Committee sent a letter to the Treasury Department and Federal Housing Finance Agency earlier this week requesting answers to more than two dozen questions arising out of their proposed housing finance plan. The plan, released in early September, includes nearly 50 recommended reforms, both legislative and administrative, to, in the words of its authors, ” reduce the role of the Federal Government in the housing finance system, enhance taxpayer protections against future bailouts, and promote competition in the housing finance system .” Details, however, were sparse. The senators, including several presidential candidates, asked questions about the potential impact of releasing the GSEs Fannie Mae and Freddie Mac from their long-term…(read more)

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